The Miami-based Clara Homes, led by James Curnin, has closed on a $26 million construction loan financed by Maxim Capital for Clara Bay Harbor. The three-building development, Miami’s most anticipated new ground-up luxury rental community, will feature 150 total residences with five-star service and a suite of thoughtful amenities. Clara Bay Harbor’s first building is slated to break ground this March.
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Royal Palm Companies Locks Down $76.5 Million Construction Loan For Elevate Apartments In Dania Beach
Dan Kodsi’s Royal Palm Companies has locked down a $76.5 million construction loan for Elevate Apartments in Dania Beach. The 36-month financing was provided by the Miami-based 3650 REIT and replaced a previous $64 construction loan. The multifamily project, which is located at 600 East Dania Beach Blvd., is roughly halfway complete.
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Luxury Rental Residences Clara Bay Harbor Gets City Approval For Second Building
Clara Homes, a vertically integrated real estate development firm led by James Curnin, has received city approval of its second building at Clara Bay Harbor, a three-building ultra-luxury rental community being developed on the exclusive Bay Harbor Islands. Clara Bay Harbor will deliver a collective 150 luxury rental residences and will be completed in three phases.
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Pre-Leasing Launches For Cascade Luxury Rentals At Link At Douglas
The demand for upscale living near accessible transportation hubs in Miami is stronger than ever as connectivity and location are highly desired attributes. Cascade – the second multifamily tower to be delivered within the seven-acre Link at Douglas masterplan development – is redefining luxury living with this notion. Set adjacent to the Douglas Road Metrorail Station, The Underline linear park, and the city’s main thoroughfare of US-1, the transit-oriented property has officially commenced pre-leasing.
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MG Developer and Baron Property Group Secure $148 Million Construction Loan From Post Road Group For Metro Parc
MG Developer and Baron Property Group, in partnership with Township Capital, have secured a $148 million construction loan from Post Road Group for Metro Parc, a 10-story, two-tower apartment rental property located at 955 East 25th Street and 980 East 26th Street in Hialeah, Florida. Metro Parc is a 2.5-acre residential mixed-use development that will rise 10-stories and deliver 559 rental apartments ranging from 500 to 800 square feet.
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Electra America and BH Group Reveal Plans for $1 Billion Redevelopment of 80-Acre Southland Mall Site In Cutler Bay
Electra America, a real estate private equity firm focused on value-add and opportunistic investment in the Sun Belt region of the U.S., along with its U.S.-affiliate, American Landmark, and BH Group, a Miami-based private real estate investment and development firm, have revealed preliminary plans for the redevelopment and reinvention of the Southland Mall in Cutler Bay, located approximately 20 miles south of downtown Miami.
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Pulso Capital Acquires Stellar At Palm Aire Build-For-Rent Townhome Community For $21.5 Million
Pulso Capital has acquired Stellar at Palm Aire, a new build-for-rent community consisting of 39 townhomes located in the center of the Palm Aire Country Club in Pompano Beach, Fl., for $21.5 million, or $551,282 per unit. The sale and financing were overseen by Berkadia. Effective rent in South Florida rose 25.2% year over year, according to Berkadia Research, driven by an influx of new residents and corporate migrations over the last 12 months.
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ZOM Living Opens The First completed Section Of Ludlam Trail Linear Park And Phase 1 Of MiLine Miami Apartments
ZOM Living in a joint venture partnership with Mattoni Group, Scout Capital and AEW Capital Management, have announced the completion of the first phase of the transformative development MiLine Miami. Phase one includes the delivery of 338 luxury, mid-rise apartments, 4,600 SF of restaurant/ brewery space, and 1,300 linear feet of the Ludlam Trail for residents and the public to enjoy outdoor recreational activities such as walking, biking and hiking.
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Black Salmon, Lineaire Group and Bridge Investment Group Top Off Wynwood Haus
Black Salmon, a national commercial real estate investment and development firm based in Miami; Lineaire Group, a Miami-based real estate investment and development firm focused on urban infill projects; and Bridge Investment Group, a leading, national real estate investment and property management firm, have topped off Wynwood Haus at 20 stories.
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Swiss Real Estate Firm Empira Group Acquires Rare West Brickell Development Site In 'The Roads'
As institutional capital flows into Miami from around the world, a Switzerland-based real estate investment firm has acquired a rare development site west of Brickell. Empira Group plans to develop a mid-rise multifamily project in the neighborhood called ‘The Roads’ to help meet the area’s rising demand for housing fueled by an influx of business relocations to Miami’s urban core.
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